Oral Answers to Questions
Debate between Mark Garnier and Lord Vaizey of Didcot(7 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mark Garnier
Free trade is absolutely the key to giving prosperity to the world, including the UK—it is a huge benefit to developing nations, as well as developed nations. For consumers, there is the opportunity to have market choice, and therefore price choice, which can be incredibly helpful to the economy.
Mr Edward Vaizey (Wantage) (Con)
Tech City UK published its excellent “Tech Nation” report yesterday, showing that investment in digital companies in the UK is 50% higher than in any other European country. I know that my hon. Friend and his fellow Ministers are supporting the tech industry strongly, but has he made an analysis of how WTO rules will affect it?
Mark Garnier
The Department for International Trade is carrying out an analysis of how WTO rules will affect every sector of our economy. This is an ongoing process, but my right hon. Friend is absolutely right to highlight the technology sector as one in which this country is leading, and that is a fantastic opportunity.